Malabar Gold & Diamonds opens its flagship showroom in Andheri West
The highlight of the event was the presence of Hema Malini- the dream girl of Indian cinema, and yesteryears’ top actress who has been the brand ambassador since 2006.
The store’s interiors were innovatively designed with gleaming glass cases and designer brands on display. With beautiful design elements, the store will showcase an exquisite range of the exclusive brands of Malabar Gold & Diamonds such as Divine - Indian Heritage Jewellery, Era - Uncut Diamond Jewellery, Mine – Diamond jewellery, Ethnix - Handcrafted designer Jewellery, Starlet - Kid’s Jewellery and Precia - Precious Gem Jewellery.
“We are happy to inaugurate our flagship showroom in Andheri West which is a shopping destination in Mumbai. This showroom in Mumbai is the group’s first outlet in Maharashtra and 87th worldwide. This opening is part of our 2013 plan to strengthen our retail presence across various parts of the country. The company plans to increase its worldwide retail network and is targeting to have 220 stores by the year 2015.” said MP Ahammed, Chairman, Malabar Group.
“I am delighted to be here as part of the inauguration of the First showroom of Malabar Gold &Diamonds in Mumbai. Every Malabar Gold & Diamonds opening has been special for me and the response from jewelry lovers for Malabar Gold & Diamonds fills me with immense pride. I have been a part of Malabar Gold & Diamonds for over 6 years now and I feel extremely honored to be associated with this global jewelry retail chain," said Brand Ambassador, Actress Ms. Hema Malini.
Being the first day of the store, first sale of each article and brand was done by a renowned personality.
The first sale of jewelry was received by Padmavibushan Capt. Krishnan Nair, Chairman Emeritus and Founder Chairman, The Leela Group from Hema Malini.
“It is our pleasure to open our first showroom in Mumbai. We are looking forward to delight the residents of Mumbai with our exquisite collections of jewelry in gold, diamond and platinum. The launch of this showroom is a stepping stone to our entry into the western region of India,” said O. Asher, Group Executive Director, Malabar Group.
Malabar Gold & Diamonds sell only BIS Hallmarked 916 Gold, IGI Certified diamond jewellery, and PGI certified platinum jewellery . All products come with a detailed and transparent price tag with details like gross weight, stone weight, making charge, stone charge and net weight. This enables the customers to understand the product pricing easily and on their own. Malabar Gold & Diamonds’ value-added services include lifelong free maintenance, one-year free insurance coverage and buyback guarantee for all its ornaments. The jeweler’s ‘Gold purchase scheme’ enables its customer to book gold on a monthly basis and to hedge against rising gold prices. The booking will carry an additional bonus benefit when the customers buy the ornaments.
Malabar Gold and Diamonds is also expanding its footprints across other Indian states such as Maharashtra, Gujarat, Delhi & NCR Region, UP and Punjab. Apart from Gulf countries, they are also looking at expansion in South Asia, other parts of Middle East, Malaysia, Singapore, Europe and America.
India Infoline Research Team / 08:44, Jun 26, 2015
IIFL is hosting 10 companies at a Management Roadshow in Mumbai today. The opening is a subdued start. US market saw minor losses with Dow, S&P 500 and Nasdaq closing marginally lower.